Assumed Rate definition
Assumed Rate means the probable average effective rate expected to be earned for the core annuity division on a long−term basis. The assumed rate shall be a rate of 8 percent and the actuar- ial assumption for across−the−board salary increases for the pur- pose of valuing the liabilities of the Wisconsin Retirement System shall be 3.4 percent less than the assumed rate unless due to changed economic circumstances the actuary recommends and the board approves a different rate. The assumed rate for a calen- dar year shall be used for all calculations of required contributions and reserves for participants, except as provided in s. 40.04 (4) (a) 2., 2g., and 2m., and the amount of any lump sum benefit paid instead of an annuity, except it shall not be used for any purpose for which the assumed benefit rate is to be used under sub. (6).
Assumed Rate means, with respect to any Taxable Year, the product of (a) the excess of (i) one hundred percent (100%) over (ii) the highest U.S. federal corporate income tax rate for such Taxable Year multiplied by (b) the sum, with respect to each state and local jurisdiction in which the Corporate Taxpayer files Tax Returns, of the products of (i) the Corporate Taxpayer’s tax apportionment rate(s) for such jurisdiction for such Taxable Year multiplied by (ii) the highest corporate tax rate(s) for such jurisdiction for such Taxable Year.
Assumed Rate means, in the case of:
Examples of Assumed Rate in a sentence
For purposes of this Section 39(c), each Tax Indemnity is assumed to be taxable at the Assumed Rate and an Inclusion is assumed to be taxable at the actual rate.
On each Adjustment Date the Lessor will pay or receive interest calculated (on a daily basis and using a 365 day year) on the daily balances during each Adjustment Period of Notional Capital Outstanding calculated at the Assumed Rate.
Transfers Among Fixed Account Options and into the Subaccounts Investment Amount and Assumed Rate of Return ..............................
The amount necessary to fully amortize Tenant’s Portion of a Casualty Shortfall over the remaining Term (assuming all Renewal Terms are exercised) based on equal monthly payments with interest at the Assumed Rate shall be payable each month on each Payment Date as Additional Charges.
Assumed Rate of Return.--The assumed rate of return is an effective rate of 4% a year.
More Definitions of Assumed Rate
Assumed Rate has the meaning set forth in Section 39(a)(1)(v).
Assumed Rate means the actuarial assumed rate of return on investments as
Assumed Rate has the meaning given to that expression in the Financial Schedule;
Assumed Rate means, subject to paragraph 6.1.4(d), in relation to any Adjustment Period or other relevant period:
Assumed Rate means the greater of zero or the difference between (a) the highest federal income tax rate in the United States applicable to domestic corporations and (b) the highest income tax rate applicable to Borrower or its Subsidiaries, as appropriate, on Cash Equivalent Investments in the jurisdiction in which such Cash Equivalent Investments are held at the end of such quarter.
Assumed Rate means, for any Taxable Year with respect to Taxes imposed on the Corporate Taxpayer by U.S. state and local jurisdictions, the tax rate equal to the sum of the product of (x) OpCo’s Tax apportionment percentage(s) for each U.S. state and local jurisdiction in which the Corporate Taxpayer files Tax Returns for the relevant Taxable Year and (y) the highest corporate Tax rate(s) for each such U.S. state and local jurisdiction in which the Corporate Taxpayer files Tax Returns for each relevant Taxable Year; provided, that the Assumed Rate calculated pursuant to the foregoing shall be reduced by the assumed U.S. federal income Tax benefit received by the Corporate Taxpayer with respect to U.S. state and local jurisdiction Taxes (with such benefit calculated as the product of (a) the Corporate Taxpayer’s marginal U.S. federal income Tax rate for such Taxable Year and (b) the Assumed Rate (without regard to this proviso)).
Assumed Rate means the highest effective marginal combined U.S. federal, state and local income tax rate (including, if applicable, under Section 1411 of the Code) applicable to an individual or corporate resident in California (whichever is higher), in each case taking into account all jurisdictions in which the Company is required to file income tax returns and the relevant apportionment information, in effect for the applicable Taxable Year, and taking into account: (a) the character of any income, gains, deductions, losses or credits, and the deductibility of state income taxes, and (b) available deductions under Code Section 199A, as applicable. The Assumed Rate shall be the same for all Members regardless of the actual combined income tax rate of the Member or its direct or indirect owners.